Report: Methane Emission Reductions in Oil and Gas Largley from Divestments

Even though emission intensity in U.S. is below the global average, much room for improvement remains, according to a new report by GlobalData.

Hart Energy Staff
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“When emissions are reduced by divestment, those emissions have not disappeared but simply moved around," says Miles Weinstein, energy transition analyst at GlobalData. (Source: Leonid Ikan/Shutterstock.com)

While some of the largest oil and gas producers have successfully lowered their emissions in line with sustainability goals, research and consulting firm GlobalData notes that a large portion of those reductions come from divestments. The analytics company forecasts global production to increase by 8% by 2026, stressing the need for stronger action to ensure methane emissions do not rise with it.

U.S. is the second-largest methane emitter from oil and gas operations at 12.3 Mt. Studies have suggested that the scope of the methane problem is larger than government reports have led people to believe due to the limitations of current measurement techniques.

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